S.L. 595.45 Art. 6Finances.

(1) The Agency shall draw up yearly estimates for each financial year and submit them for consideration of the Minister in accordance with norms and practices established by the Minister responsible for finance.

(2) The Agency shall be paid by the Government out of the Consolidated Fund such amounts as the House may from time to time authorise to be appropriated to meet the cost of its operational and capital expenditure identified in its financial business plan.

(3) In the conduct of its affairs, the Agency may levy fees for services rendered by it which shall as far as possible, be used for the on-going upkeep and maintenance of the centres under its responsibility.

(4) The Minister may, after consultation with the Minister responsible for finance give such directives with a view to applying any excess of revenue over expenditure to the formation of reserve funds to be used for the purposes of the Agency.

(5) Without prejudice to the generality of the powers given by the Minister in accordance with sub-article (4), any directive given by the Minister may order the transfer to the Government, or the application in such manner as may be specified in the directive, of any part of the fees, rates and other payments levied in accordance with sub-article (3) or any such excess as aforesaid.

(6) Any funds of the Agency not immediately required to meet expenditure may be invested in such manner as may be approved, from time to time, by the Minister with the concurrence of the Minister responsible for finance.